As of Q2'26 (2025-11-30), Nike's latest reported operating income stands at $1.01B USD. This represents a year-over-year decline of 27.3%, continuing the negative YoY trend observed in recent quarters. From Q3'23 to Q2'26, Nike's operating income has shown considerable volatility, peaking at $1.83B in Q2'24 before experiencing a significant downward trend, particularly in fiscal year 2025 where it dropped to a low of $321M in Q4'25. The YoY growth rate has remained negative for most periods, with the most pronounced declines occurring in Q3'25 (-41.0%) and Q4'25 (-79.2%), indicating ongoing profitability challenges despite a modest recovery in the latest quarter.